{"id":8962,"date":"2026-04-13T12:06:13","date_gmt":"2026-04-13T10:06:13","guid":{"rendered":"https:\/\/tragento.com\/?p=8962"},"modified":"2026-04-13T12:06:13","modified_gmt":"2026-04-13T10:06:13","slug":"the-cruise-industry-is-entering-a-phase-of-slowdown-with-europe-being-the-first-under-pressure-warns-morgan-stanley","status":"publish","type":"post","link":"https:\/\/tragento.com\/en\/rast-cruise-industrije-ulazi-u-fazu-usporavanja-europa-prva-pod-pritiskom-upozorava-morgan-stanley\/","title":{"rendered":"The cruise industry's recovery is entering a slowdown phase: Europe is feeling the pressure first, warns Morgan Stanley"},"content":{"rendered":"<p class=\"is-style-success wp-block-paragraph\">Following a strong post-pandemic surge, cruise travel is entering a stabilisation phase. The latest analysis from Morgan Stanley shows demand is beginning to cool, with European itineraries among the first to come under pressure.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/tragento.com\/en\/category\/transport\/cruise\/\" type=\"category\" id=\"47\">Cruises<\/a> in recent years have been one of the most dynamic segments of tourism, but market signals suggest a change in trend. Although global demand continues to grow, the pace of bookings is slowing, and traveller behaviour is becoming more cautious \u2013 which already has concrete implications for prices and profitability.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-europa-pod-pritiskom-slabija-potraznja-i-veci-popusti\">Europe under pressure: weaker demand and higher discounts<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Morgan Stanley particularly highlights <a href=\"https:\/\/tragento.com\/en\/croatia-cruise-tourism-in-2025-stable-growth-and-strong-demand\/\" type=\"post\" id=\"7831\">the European season as currently the most vulnerable segment<\/a>. Demand is weakening faster than in other regions, forcing operators to make further price adjustments to fill capacity.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The most pronounced decline is recorded in the \u201cmass market\u201d segment, particularly among brands reliant on American travellers. The combination of higher travel costs and inflation is leading to later bookings, and such a \u201clast-minute\u201d booking model directly reduces the ability to manage prices.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is already being reflected in revised expectations for major operators. Morgan Stanley has lowered its target prices for Royal Caribbean (to $310) and Norwegian Cruise Line (to $23), along with adjustments to revenue and profitability estimates for the coming years.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-slabiji-booking-momentum-i-promjena-investitorskog-sentimenta\">Weaker booking momentum and changing investor sentiment<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/tragento.com\/en\/the-crisis-in-the-middle-east-is-also-disrupting-the-cruising-industry\/\" type=\"post\" id=\"8893\">Slowing down of reservations<\/a> is one of the first concrete indicators of a change in market dynamics. After a period of strong \u201crevenge travel\u201d demand, some travellers are now postponing decisions, waiting for more favourable prices or a more stable context.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Although market reactions have been moderate so far \u2013 stock drops have been relatively mild \u2013 the signal is clear: slower growth is expected, not a sharp decline. Investor focus is now shifting to companies' ability to maintain revenue in conditions of weaker pricing power.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-geopolitika-i-inflacija-mijenjaju-obrasce-potraznje\">Geopolitics and inflation are changing demand patterns.<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">External factors further complicate the situation. <a href=\"https:\/\/tragento.com\/en\/the-adriatic-has-become-an-unmissable-route-for-world-cruise-liners\/\" type=\"post\" id=\"7126\">Geopolitical tensions are affecting destination choices<\/a>, the demand is rerouted from riskier areas, such as parts of the Eastern Mediterranean, towards more stable regions. At the same time, inflation and the rise in overall travel costs are altering the perception of value. While cruises continue to offer competitive \u201cvalue for money,\u201d the overall cost of the experience \u2013 including onboard spending \u2013 is becoming an increasingly important factor in purchasing decisions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-rast-kapaciteta-povecava-pritisak-na-profitabilnost\">Capacity growth increases pressure on profitability<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Despite short-term challenges, long-term projections remain positive. Further passenger growth is expected, but it remains to be seen whether demand can keep pace with capacity increases. If the trend of late bookings continues, operators will be forced to use discounts more frequently, which directly affects revenue per passenger. Morgan Stanley is already warning of weaker short-term \u201crevenue yields\u201d, particularly in Europe.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-industrija-se-dijeli-na-dva-segmenta\">The industry is divided into two segments<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">One of the key conclusions of the analysis is the increasingly evident market segmentation. On one side are price-sensitive travellers who are reacting to inflation and looking for more affordable options, and on the other, the premium and luxury segment, which is showing greater resilience.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It is precisely this higher segment, together with growing onboard spending, that is becoming crucial for preserving margins. This suggests that cruise companies may invest further in upscale offerings, private destinations and packaged experiences in the near future to reduce volatility in the \u201cmass market\u201d.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>","protected":false},"excerpt":{"rendered":"<p>Nakon sna\u017enog postpandemijskog zamaha, kru\u017ena putovanja ulaze u fazu stabilizacije. Najnovija analiza Morgan Stanleyja pokazuje da se potra\u017enja po\u010dinje hladiti, pri \u010demu su europski itinerari me\u0111u prvima pod pritiskom. Kru\u017ena putovanja posljednjih su godina bila jedan od najdinami\u010dnijih segmenata turizma, no signali s tr\u017ei\u0161ta sugeriraju&#8230;<\/p>","protected":false},"author":2,"featured_media":8963,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_tragento_display_category":0,"footnotes":""},"categories":[241,228,89],"tags":[242,77],"class_list":["post-8962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cruise","category-prijevoz","category-vijesti","tag-cruise","tag-trendovi-2026"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.4 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Rast cruise industrije ulazi u fazu usporavanja - Tragento<\/title>\n<meta name=\"description\" content=\"Analiza Morgan Stanleyja ukazuje na usporavanje u cruise industriji. Pro\u010ditajte o utjecaju na europske itinerare i cijene.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tragento.com\/en\/the-cruise-industry-is-entering-a-phase-of-slowdown-with-europe-being-the-first-under-pressure-warns-morgan-stanley\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rast cruise industrije ulazi u fazu usporavanja: Europa prva pod pritiskom, upozorava Morgan Stanley\" \/>\n<meta property=\"og:description\" content=\"Analiza Morgan Stanleyja ukazuje na usporavanje u cruise industriji. Pro\u010ditajte o utjecaju na europske itinerare i cijene.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tragento.com\/en\/the-cruise-industry-is-entering-a-phase-of-slowdown-with-europe-being-the-first-under-pressure-warns-morgan-stanley\/\" \/>\n<meta property=\"og:site_name\" content=\"Tragento\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61567461024345\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-13T10:06:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tragento.com\/wp-content\/uploads\/2026\/04\/drone-aerial-view-of-large-ocean-liner-while-saili-2025-02-21-18-26-06-utc-scaled-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"stipan.spaija\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"stipan.spaija\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/tragento.com\\\/rast-cruise-industrije-ulazi-u-fazu-usporavanja-europa-prva-pod-pritiskom-upozorava-morgan-stanley\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/tragento.com\\\/rast-cruise-industrije-ulazi-u-fazu-usporavanja-europa-prva-pod-pritiskom-upozorava-morgan-stanley\\\/\"},\"author\":{\"name\":\"stipan.spaija\",\"@id\":\"https:\\\/\\\/tragento.com\\\/#\\\/schema\\\/person\\\/90a4711289a0230e41987dc84e2a8f1f\"},\"headline\":\"Rast cruise industrije ulazi u fazu usporavanja: Europa prva pod pritiskom, upozorava Morgan Stanley\",\"datePublished\":\"2026-04-13T10:06:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/tragento.com\\\/rast-cruise-industrije-ulazi-u-fazu-usporavanja-europa-prva-pod-pritiskom-upozorava-morgan-stanley\\\/\"},\"wordCount\":548,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/tragento.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/tragento.com\\\/rast-cruise-industrije-ulazi-u-fazu-usporavanja-europa-prva-pod-pritiskom-upozorava-morgan-stanley\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/tragento.com\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/drone-aerial-view-of-large-ocean-liner-while-saili-2025-02-21-18-26-06-utc-scaled-1.jpg\",\"keywords\":[\"cruise\",\"trendovi 2026\"],\"articleSection\":[\"Cruise\",\"Prijevoz\",\"Vijesti\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/tragento.com\\\/rast-cruise-industrije-ulazi-u-fazu-usporavanja-europa-prva-pod-pritiskom-upozorava-morgan-stanley\\\/\",\"url\":\"https:\\\/\\\/tragento.com\\\/rast-cruise-industrije-ulazi-u-fazu-usporavanja-europa-prva-pod-pritiskom-upozorava-morgan-stanley\\\/\",\"name\":\"Rast cruise industrije ulazi u fazu usporavanja - Tragento\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/tragento.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/tragento.com\\\/rast-cruise-industrije-ulazi-u-fazu-usporavanja-europa-prva-pod-pritiskom-upozorava-morgan-stanley\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/tragento.com\\\/rast-cruise-industrije-ulazi-u-fazu-usporavanja-europa-prva-pod-pritiskom-upozorava-morgan-stanley\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/tragento.com\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/drone-aerial-view-of-large-ocean-liner-while-saili-2025-02-21-18-26-06-utc-scaled-1.jpg\",\"datePublished\":\"2026-04-13T10:06:13+00:00\",\"description\":\"Analiza Morgan Stanleyja ukazuje na usporavanje u cruise industriji. Pro\u010ditajte o utjecaju na europske itinerare i cijene.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/tragento.com\\\/rast-cruise-industrije-ulazi-u-fazu-usporavanja-europa-prva-pod-pritiskom-upozorava-morgan-stanley\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/tragento.com\\\/rast-cruise-industrije-ulazi-u-fazu-usporavanja-europa-prva-pod-pritiskom-upozorava-morgan-stanley\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/tragento.com\\\/rast-cruise-industrije-ulazi-u-fazu-usporavanja-europa-prva-pod-pritiskom-upozorava-morgan-stanley\\\/#primaryimage\",\"url\":\"https:\\\/\\\/tragento.com\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/drone-aerial-view-of-large-ocean-liner-while-saili-2025-02-21-18-26-06-utc-scaled-1.jpg\",\"contentUrl\":\"https:\\\/\\\/tragento.com\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/drone-aerial-view-of-large-ocean-liner-while-saili-2025-02-21-18-26-06-utc-scaled-1.jpg\",\"width\":2560,\"height\":1707,\"caption\":\"Photo Envato\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/tragento.com\\\/rast-cruise-industrije-ulazi-u-fazu-usporavanja-europa-prva-pod-pritiskom-upozorava-morgan-stanley\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/tragento.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Rast cruise industrije ulazi u fazu usporavanja: Europa prva pod pritiskom, upozorava Morgan Stanley\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/tragento.com\\\/#website\",\"url\":\"https:\\\/\\\/tragento.com\\\/\",\"name\":\"Tragento\",\"description\":\"Your Trusted Travel Partner\",\"publisher\":{\"@id\":\"https:\\\/\\\/tragento.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/tragento.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/tragento.com\\\/#organization\",\"name\":\"Tragento\",\"url\":\"https:\\\/\\\/tragento.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/tragento.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/tragento.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/Wordpress-Transparent.png\",\"contentUrl\":\"https:\\\/\\\/tragento.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/Wordpress-Transparent.png\",\"width\":512,\"height\":512,\"caption\":\"Tragento\"},\"image\":{\"@id\":\"https:\\\/\\\/tragento.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/profile.php?id=61567461024345\"],\"email\":\"info@tragento.com\",\"vatID\":\"HR80113219655\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/tragento.com\\\/#\\\/schema\\\/person\\\/90a4711289a0230e41987dc84e2a8f1f\",\"name\":\"stipan.spaija\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/46ef65dabb1d8437d028b65b563fda6f57826810ab502a7f951be82634843f60?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/46ef65dabb1d8437d028b65b563fda6f57826810ab502a7f951be82634843f60?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/46ef65dabb1d8437d028b65b563fda6f57826810ab502a7f951be82634843f60?s=96&d=mm&r=g\",\"caption\":\"stipan.spaija\"},\"birthDate\":\"1978-03-22\",\"gender\":\"Male\",\"knowsLanguage\":[\"Croatian\",\"English\"],\"url\":\"https:\\\/\\\/tragento.com\\\/en\\\/author\\\/stipan-spaija\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The cruise industry is entering a slowdown phase \u2013 Tragento","description":"Morgan Stanley's analysis points to a slowdown in the cruise industry. Read about the impact on European itineraries and prices.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tragento.com\/en\/the-cruise-industry-is-entering-a-phase-of-slowdown-with-europe-being-the-first-under-pressure-warns-morgan-stanley\/","og_locale":"en_GB","og_type":"article","og_title":"Rast cruise industrije ulazi u fazu usporavanja: Europa prva pod pritiskom, upozorava Morgan Stanley","og_description":"Analiza Morgan Stanleyja ukazuje na usporavanje u cruise industriji. Pro\u010ditajte o utjecaju na europske itinerare i cijene.","og_url":"https:\/\/tragento.com\/en\/the-cruise-industry-is-entering-a-phase-of-slowdown-with-europe-being-the-first-under-pressure-warns-morgan-stanley\/","og_site_name":"Tragento","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61567461024345","article_published_time":"2026-04-13T10:06:13+00:00","og_image":[{"width":2560,"height":1707,"url":"https:\/\/tragento.com\/wp-content\/uploads\/2026\/04\/drone-aerial-view-of-large-ocean-liner-while-saili-2025-02-21-18-26-06-utc-scaled-1.jpg","type":"image\/jpeg"}],"author":"stipan.spaija","twitter_card":"summary_large_image","twitter_misc":{"Written by":"stipan.spaija","Estimated reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/tragento.com\/rast-cruise-industrije-ulazi-u-fazu-usporavanja-europa-prva-pod-pritiskom-upozorava-morgan-stanley\/#article","isPartOf":{"@id":"https:\/\/tragento.com\/rast-cruise-industrije-ulazi-u-fazu-usporavanja-europa-prva-pod-pritiskom-upozorava-morgan-stanley\/"},"author":{"name":"stipan.spaija","@id":"https:\/\/tragento.com\/#\/schema\/person\/90a4711289a0230e41987dc84e2a8f1f"},"headline":"Rast cruise industrije ulazi u fazu usporavanja: Europa prva pod pritiskom, upozorava Morgan Stanley","datePublished":"2026-04-13T10:06:13+00:00","mainEntityOfPage":{"@id":"https:\/\/tragento.com\/rast-cruise-industrije-ulazi-u-fazu-usporavanja-europa-prva-pod-pritiskom-upozorava-morgan-stanley\/"},"wordCount":548,"commentCount":0,"publisher":{"@id":"https:\/\/tragento.com\/#organization"},"image":{"@id":"https:\/\/tragento.com\/rast-cruise-industrije-ulazi-u-fazu-usporavanja-europa-prva-pod-pritiskom-upozorava-morgan-stanley\/#primaryimage"},"thumbnailUrl":"https:\/\/tragento.com\/wp-content\/uploads\/2026\/04\/drone-aerial-view-of-large-ocean-liner-while-saili-2025-02-21-18-26-06-utc-scaled-1.jpg","keywords":["cruise","trendovi 2026"],"articleSection":["Cruise","Prijevoz","Vijesti"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/tragento.com\/rast-cruise-industrije-ulazi-u-fazu-usporavanja-europa-prva-pod-pritiskom-upozorava-morgan-stanley\/","url":"https:\/\/tragento.com\/rast-cruise-industrije-ulazi-u-fazu-usporavanja-europa-prva-pod-pritiskom-upozorava-morgan-stanley\/","name":"The cruise industry is entering a slowdown phase \u2013 Tragento","isPartOf":{"@id":"https:\/\/tragento.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tragento.com\/rast-cruise-industrije-ulazi-u-fazu-usporavanja-europa-prva-pod-pritiskom-upozorava-morgan-stanley\/#primaryimage"},"image":{"@id":"https:\/\/tragento.com\/rast-cruise-industrije-ulazi-u-fazu-usporavanja-europa-prva-pod-pritiskom-upozorava-morgan-stanley\/#primaryimage"},"thumbnailUrl":"https:\/\/tragento.com\/wp-content\/uploads\/2026\/04\/drone-aerial-view-of-large-ocean-liner-while-saili-2025-02-21-18-26-06-utc-scaled-1.jpg","datePublished":"2026-04-13T10:06:13+00:00","description":"Morgan Stanley's analysis points to a slowdown in the cruise industry. Read about the impact on European itineraries and prices.","breadcrumb":{"@id":"https:\/\/tragento.com\/rast-cruise-industrije-ulazi-u-fazu-usporavanja-europa-prva-pod-pritiskom-upozorava-morgan-stanley\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tragento.com\/rast-cruise-industrije-ulazi-u-fazu-usporavanja-europa-prva-pod-pritiskom-upozorava-morgan-stanley\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/tragento.com\/rast-cruise-industrije-ulazi-u-fazu-usporavanja-europa-prva-pod-pritiskom-upozorava-morgan-stanley\/#primaryimage","url":"https:\/\/tragento.com\/wp-content\/uploads\/2026\/04\/drone-aerial-view-of-large-ocean-liner-while-saili-2025-02-21-18-26-06-utc-scaled-1.jpg","contentUrl":"https:\/\/tragento.com\/wp-content\/uploads\/2026\/04\/drone-aerial-view-of-large-ocean-liner-while-saili-2025-02-21-18-26-06-utc-scaled-1.jpg","width":2560,"height":1707,"caption":"Photo Envato"},{"@type":"BreadcrumbList","@id":"https:\/\/tragento.com\/rast-cruise-industrije-ulazi-u-fazu-usporavanja-europa-prva-pod-pritiskom-upozorava-morgan-stanley\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tragento.com\/"},{"@type":"ListItem","position":2,"name":"Rast cruise industrije ulazi u fazu usporavanja: Europa prva pod pritiskom, upozorava Morgan Stanley"}]},{"@type":"WebSite","@id":"https:\/\/tragento.com\/#website","url":"https:\/\/tragento.com\/","name":"Tragento","description":"Your Trusted Travel Partner","publisher":{"@id":"https:\/\/tragento.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tragento.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/tragento.com\/#organization","name":"Tragento","url":"https:\/\/tragento.com\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/tragento.com\/#\/schema\/logo\/image\/","url":"https:\/\/tragento.com\/wp-content\/uploads\/2026\/08\/Wordpress-Transparent.png","contentUrl":"https:\/\/tragento.com\/wp-content\/uploads\/2026\/08\/Wordpress-Transparent.png","width":512,"height":512,"caption":"Tragento"},"image":{"@id":"https:\/\/tragento.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/profile.php?id=61567461024345"],"email":"info@tragento.com","vatID":"HR80113219655"},{"@type":"Person","@id":"https:\/\/tragento.com\/#\/schema\/person\/90a4711289a0230e41987dc84e2a8f1f","name":"Stipan Spaija","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/secure.gravatar.com\/avatar\/46ef65dabb1d8437d028b65b563fda6f57826810ab502a7f951be82634843f60?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/46ef65dabb1d8437d028b65b563fda6f57826810ab502a7f951be82634843f60?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/46ef65dabb1d8437d028b65b563fda6f57826810ab502a7f951be82634843f60?s=96&d=mm&r=g","caption":"stipan.spaija"},"birthDate":"1978-03-22","gender":"Male","knowsLanguage":["Croatian","English"],"url":"https:\/\/tragento.com\/en\/author\/stipan-spaija\/"}]}},"tragento_display_category":{"id":241,"name":"Cruise","slug":"cruise","link":"https:\/\/tragento.com\/en\/category\/cruise\/"},"_links":{"self":[{"href":"https:\/\/tragento.com\/en\/wp-json\/wp\/v2\/posts\/8962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tragento.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tragento.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tragento.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/tragento.com\/en\/wp-json\/wp\/v2\/comments?post=8962"}],"version-history":[{"count":0,"href":"https:\/\/tragento.com\/en\/wp-json\/wp\/v2\/posts\/8962\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tragento.com\/en\/wp-json\/wp\/v2\/media\/8963"}],"wp:attachment":[{"href":"https:\/\/tragento.com\/en\/wp-json\/wp\/v2\/media?parent=8962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tragento.com\/en\/wp-json\/wp\/v2\/categories?post=8962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tragento.com\/en\/wp-json\/wp\/v2\/tags?post=8962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}